Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.08 | 1.02% |
| Return on Equity (%) | ▲ | 8.41% | +0.20 | 8.21% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.31 | 3.72% |
| Efficiency Ratio (%) | ▲ | 63.84% | -1.78 | 65.62% |
| Pre-Provision Profit ($M) | ▲ | $14 | +3.12 | $10 |
| Cost of Funds (%) | ▲ | 1.46% | -0.17 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,306 | +562.27 | $2,744 |
| Gross Loans ($M) | ▲ | $2,277 | +439.64 | $1,838 |
| Loan Growth YoY (%) | ▲ | 79.28% | +3.22 | 76.06% |
| Total Deposits ($M) | ▲ | $2,835 | +450.43 | $2,384 |
| Shareholders Equity ($M) | ▲ | $440 | +107.92 | $332 |
| Tang. Book Value ($M) | ▲ | $341 | +84.88 | $256 |
| TBV excl. AOCI ($M)** | ▲ | $369 | +85.82 | $283 |
| Loan / Deposit Ratio (%) | ▲ | 79.28% | +3.22 | 76.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.01 | 0.52% |
| Allowance / Loans (%) | — | 1.31% | 0.00% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.77% | -0.01 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($7.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.50% | 3.56% | 3.62% | 3.72% | 3.90% | 3.94% | 3.97% | 4.03% |
| ▁▃▄▅▁▆██ | Return on Assets (%) | 0.91% | 0.98% | 0.98% | 1.02% | 0.92% | 1.04% | 1.09% | 1.10% |
| █▆▆▄▂▂▂▁ | Efficiency Ratio (%) | 68.2% | 66.7% | 66.7% | 65.6% | 64.5% | 64.8% | 64.9% | 63.8% |
| ██▄▆▅▄▁▁ | Cost of Funds (%) | 1.71% | 1.69% | 1.56% | 1.63% | 1.59% | 1.56% | 1.44% | 1.46% |
| ▂█▄▄▁▁▃▄ | NPA / Assets (%) | 0.48% | 0.63% | 0.53% | 0.52% | 0.46% | 0.45% | 0.50% | 0.53% |
| ▂█▅▄▁▁▃▄ | Net Charge-Off Ratio (%) | 0.72% | 0.93% | 0.81% | 0.78% | 0.68% | 0.67% | 0.74% | 0.77% |
| ▃▂▂▁▅▇██ | Tang. Book Value ($M) | $287 | $267 | $277 | $256 | $309 | $322 | $331 | $341 |
| ▁▁▁▁▇▇██ | Gross Loans ($M) | $1,835 | $1,853 | $1,820 | $1,838 | $2,198 | $2,205 | $2,240 | $2,277 |
| ▁▁▁▁████ | Total Deposits ($M) | $2,357 | $2,359 | $2,412 | $2,384 | $2,858 | $2,805 | $2,857 | $2,835 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |